Monthly Archives: January 2014

New Home Sales | Are Falling New Home Sales In December A Warning For 2014?

Restricted supply has been the theme of the U.S. housing market over the past year At the end of December, there were 171,000 new homes for sale, representing a five-month supply. The median time a new home has been on the market has shrunk from nine months last summer to the current figure of five months. As professional investors have become major players in the real estate market, we’re seeing    .. more …

New Home Sales | Annual New Home Sales Grow For The First Time In Five Years

In a further sign of Australia’s resurgent housing market, annual new home sales have risen for the first time since 2008.The Housing Industry Association’s latest monthly report shows that new home sales declined 0.4 per cent in December, but rose 14.4 per cent over 2013.The small decline in December was driven by a retreat in apartment sales after a very strong rise of 30.5 per cent in    .. more …

New Home Sales | New Home Sales Fall, But Private Sector Expands

By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell more than expected in December, but lean inventories and steady price gains suggested the housing market recovery remained intact. Economists largely shrugged off the second straight month of decline in sales, blaming frigid temperatures. Other data on Monday showed an acceleration in services sector growth in    .. more …

Mortgage Interest Rates | Mortgage Is Not A Bad Word: Steps To Getting A Home Loan In The …

Mortgage calculators and other useful tools are easily found on the web at sites like Realtor.com and Zillow.com. Taking the time to figure out a practical price range will save time and heartache when the actual house hunting begins. A good place to start is to gather all financial records and look into credit scores. It is also important to determine in advance how much cash is available for a    .. more …

Existing Home Sales | US Existing-home Sales Rose 1% In December

Washington (AFP) – US existing-home sales increased 1.0 percent in December from November, wrapping up the strongest year for sales in seven years, the National Association of Realtors said Thursday.Sales of used single-family homes, townhomes, condominiums and co-ops hit an annual pace of 4.87 million units, compared with a revised 4.82 million the previous month.For the entire year, sales    .. more …

Mortgage Interest Rates | Rate Drop Should Help Market

For the second consecutive week we have seen mortgage interest rates drop, not dramatically, but enough that fence sitting buyers should find some compulsion to move forward with purchases or risk paying higher rates in the near future.Although still nearly a full percentage point above last year, interest rates fell to below 4.5 percent last week and as of Friday stood at 4.39 as the national    .. more …

Mortgage Interest Rates | Current Home Mortgage Rates For Jumbo Loans – Article Dashboard

Wall Street investors welcomed the New Year with optimism thanks to the eleventh hour resolution by Congress on the fiscal cliff. The financial exchanges experience some volatility, but trading of mortgage-backed securities did not affect current home mortgage rates. The average for the benchmark 30-year fixed conventional mortgage held on to 3.125 percent, and its 15-year fixed counterpart is at    .. more …

New Home Sales | China’s 2013 New Home Sales To Exceed $1 Trillion, Record High

China ‘s new home sales last yearexceeded $1 trillion for the first time as property prices incities the government considers first tier surged in the absenceof more nationwide property curbs. The value of new homes sold in 2013 rose 27 percent from2012 to 6.8 trillion yuan ($1.1 trillion), National Bureau ofStatistics said in a statement today. New-home prices inDecember climbed 20 percent in    .. more …

Existing Home Sales | EXISTING HOME SALES MISS EXPECTATIONS

Nick Bastian Tempe, AZ Sales of existing homes in December were 4.87 million units at an annualized pace, according to the National Association of Realtors, below the consensus Wall Street estimate of 4.93 million.The December number represents a 1.0% increase from the previous month, which was revised down to 4.82 million units annualized from 4.90 million to reflect a larger-than-expected    .. more …

New Home Sales | 2013: 'Exceptional' Year For Vegas New Home Sales

LAS VEGAS (AP) – A report shows new home sales in southern Nevada last year were much more robust than they were in 2012.Las Vegas-based Home Builders Research counted more than 7,300 new homes sold in 2013, up 32 percent from the year earlier.The statistics, cited by the Las Vegas Sun ( found the median price of a new home reached nearly $299,000 in December, up 37 percent from a year    .. more …